Latest Headlines – Page 238
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Wolverine Worldwide announces executive appointments
Wolverine Worldwide has announced the appointment of Richie Woodworth as president of the company's Lifestyle Group, which includes the Keds, Hush Puppies, Sperry and Stride Rite brands, effective Jan. 3, 2016. Additionally, the company has appointed Scott Sincerbeaux as president of Consumer Direct. Finally, Tom Kennedy has been appointed as ...
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Maurath’s role at Under Armour is widened
Karl-Heinz “Charlie” Maurath, president in charge of international sales at Under Armour, has become its chief revenue officer. This means he will lead sales through all channels and in all of the markets covered by the company, from North America to Asia-Pacific, Europe, the Middle East and Africa, and Latin ...
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New CEO at Black Crows
Eric Bascle, former executive vice president at the Lacoste group, has been appointed as chief executive at Black Crows from the start of December. He is taking over from Cedric Charbin, who had decided to leave the French freeride skiing specialist back in July for personal reasons.Formerly a consultant and ...
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Electric bikes drive Accell performance
An uptick in sales of electric mountain bikes strongly contributed to a turnover increase for the third quarter at Accell Group, the Dutch company that owns Batavus, Sparta, Lapierre and Ghost, among many bicycle-related brands.The company predicts an organic sales increase and growing income for the second half of the ...
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Ample sales increase but weather concerns for New Wave
Sales in the sports and leisure division of the New Wave group advanced by 11 percent to 674 million Swedish kronor (€72.8m-$77.2m) for the third quarter, which was pushed up by favorable exchange rate changes due to the large share of sales in the U.S. market.The division includes the Craft ...
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Brunswick plans expansion in fitness
Brunswick Corporation, the owner of Life Fitness, is targeting sales of $5.0 to $5.3 billion in 2018, compared with about $4.1 billion this year, relying chiefly on expansion in its marine and fitness divisions. The U.S. group said on its investor day earlier this month that the expansion would include ...
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Peak Performance down on wholesale adjustments
As Peak Performance continues to adjust its distribution, the turnover of the Swedish ski, outdoor and golf brand declined by 2.8 percent to 343 million Danish kroner (€46.0m-$48.7m) for the quarter to the end of September, but its own retail sales increased sharply and contributed to a rise in operating profit ...
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Vulcabras continues to improve
The Brazilian company's net revenues increased by 4.4 percent to 357.2 million reais (€88.3m-$94.1m) in the third quarter ended Sept. 30, but the gross margin improved by 1.8 percentage points to 28.6 percent and the company's operating profit before amortization (Ebitda) grew by 36.6 percent to R$73.2 million (€18.1m-$19.3m), indicating ...
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Yue Yuen grows by 5.8%, led by retail
The total revenues of Yue Yuen Industrial Holdings increased by 5.8 percent to $6,277.5 million in the first nine months of this year, but they were lifted by a 19.6 percent rise to $1,741.6 million in the retail sales of Pou Sheng, the Chinese retail subsidiary of the group.In the ...
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Camelbak on track after acquisition by Vista Outdoor
The acquisitions of Camelbak and Jimmy Styks pushed up sales of the Vista Outdoor group for the second quarter of its fiscal year. The group's turnover increased by 5.0 percent to $551.4 million for the three months until Oct. 4, with $24 million of added sales from the two buys. ...
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Adidas gets India’s go-ahead for its own format stores
The Adidas Group has obtained approval from the Indian government to open fully owned Adidas-branded stores in the country. Dave Thomas, managing director of the Adidas Group in India, said in a statement that the company intends to start opening larger stores under full ownership in the second half of ...
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A Peace Walk in Monte Carlo following the tragic events in Paris
Peace and Sport, the international initiative under the High Patronage of His Serene Highness (H.S.H.) Prince Albert II of Monaco, organized a Peace Walk on Wednesday Nov. 25 on the opening day of its International Peace and Sport Forum, which was held in the principality through Nov. 27. The symbolic ...
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Franz Julen will leave a stronger Intersport in 14 months
Franz Julen announced to his staff yesterday that he will retire at the end of 2016 as the chief executive of Intersport International Corp. (IIC), a retail organization that is in line to book growth of between 7 and 8 percent for this year, in spite of the absence of ...
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Buoyant quarter at Adidas, cuts in golf business
The Adidas Group enjoyed an impressive sales increase for the third quarter, which encouraged the company to raise its guidance for the full year. Sales jumped by 17.7 percent to €4,758 million, amounting to a rise of 13 percent in constant currencies, with ample sales and profit gains in Western ...
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Sneaker trends and key accounts lift Adidas’ sales in Europe
As detailed above, the strong performance of the Adidas Group in the third quarter was lifted by a 20.1 percent jump in the sales of the Adidas and Reebok brands in Western Europe. Their turnover in the region reached €1,404 million, up by 18.0 percent in local currencies. The management ...
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Hainer says Adidas is untarnished by football scandals
While savoring the company's performance for the third quarter, the Adidas Group's chief executive, Herbert Hainer, had to brave questions about the turbulence at Fifa and the German football federation (DFB), which are both Adidas partners.Hainer said in a conference call that the uptick in Adidas' sales indicated that consumers ...
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Puma is still upbeat about its turnaround
Puma has yet to fully hit its stride in Europe, but the brand raised sales and profit in line with expectations for the third quarter ended Sept. 30. It has also been gaining strong exposure through endorsees from Usain Bolt to Rihanna.Puma's sales were up by 8.4 percent to €914.4 ...
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Asics lowers its guidance
Asics Corp. posted net sales of 336.8 billion yen (€2,525.6m-$2,727.6m) for the first nine months ended Sept. 30, indicating growth of 12.7 percent on an adjusted basis based on a comparison with the corresponding three months of last year, which had a different fiscal year-end. They grew by 7.5 percent ...
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More on Asics in Europe
Commenting on the 14 percent increase it recorded in the nine months ended Sept. 30, Asics Europe added that double-digit growth was reached in Sweden, Norway, Denmark, France, Austria, Poland, Benelux and Russia. Solid single-digit gains were recorded in the U.K., Germany and Italy. The company's own stores in the ...
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The weak yen reduces Mizuno’s results overseas
Mizuno has reported a sales increase of 7.8 percent to ¥96.9 billion (€732.3m-$786.3m) for the first half of its financial year through Sept. 30. Footwear sales grew by 9.7 percent to ¥31.9 billion (€240.2m-$258.3m), apparel by 4.6 percent to ¥28.0 billion (€210.9m-$226.7m), equipment by 11.5 percent to ¥24.2 billion (€182.3m-$195.9m), ...
